Accel Ai Institute

Analysis

Accel Ai Institute is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Accel Ai Institute reported income of $322k and spending of $570k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $322k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accel Ai Institute sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Palmetto State Literacy Association ($322k), Society of Indo-American Engineers and Architects Inc ($322k) and Golf Association of Michigan Foundation Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $626k against liabilities of $90k, net assets of $536k.